GRASIM INDUSTRIES LTD

Operates a diversified platform spanning cement, paints, cellulosic fibres, chemicals and financial services. Building Materials — comprising cement (via listed subsidiary UltraTech) and paints (Birla Opus and Birla White putty) — accounted for 57.1% of FY26 segment revenue at ₹1,01,201.56 crore with a 16.2% EBIT margin; UltraTech crossed 200 MTPA of grey cement capacity in April 2026, with management describing it as the world's largest cement company outside China and targeting 240+ MTPA by March 2028. Paints subsidiary Birla Opus doubled FY26 revenue versus FY25 and crossed 10% revenue market share in March 2026, with combined Birla Opus and Birla White putty nearing the #2 position in Indian decorative paints at installed capacity of 1,332 million litres per annum (24% of industry). Financial Services, primarily Aditya Birla Capital, contributed 25.6% of segment revenue at ₹45,426.61 crore; ABCL's FY26 revenue stood at ₹45,509 crore with PAT of ₹3,764 crore spanning lending, insurance, asset management and broking. Cellulosic Fibres (9.7% of segment revenue) and Chemicals (5.4%) round out the platform, with a Lyocell expansion of 110,000 TPA underway at Harihar by FY28. The largest cost line is "other operating expenses" at 54.9% of revenue, followed by raw materials at 18.2%.